5.1. SR 06-24-2002 - Laserfiche WebLink

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TIF Projections/ : Land Sale proceeds Financial capability Development Project Description Total Developer Experience AMcoN 1. 8,930 sq/ft Retail $792,692 - TIF 1. Strong retail experience. Especially small and 1. Good access to equity. 2. 54 Senior Apts. $618,444 - Land medium size retail. 2. Amcon has solid experience with retail/office 3. 8,500 sq/ft Office $1,411,136 - Total 2. Good mixed use experience, financing. 3. Housing partner is Dunbar Development. Dunbar 3. Dunbar has good access to equity and * Cost to acquire property has extensive experience in multi-family, knowledge of rental housing financing. is $3,336,800 4. Good design flexibility. 4. Both have worked on project of equivalent 5. Dunbar and Amcon have successfully partnered on size. ** Estimated gap numerous projects in past. $1.9 million Highly likely to be able to finance project. Related projects include Chaska and Chanhassen. Very strong redevelopment experience. Best and I 1. 4,825 sq/ft Retail $958,214 - TIF 1. Development Team includes Best and Hempel 1. Shlelard has very good access to equity. Good :Hempel 2. 6,375 sq/ft $585,000 - Land (retail), Shelard (rental housing), Landform ability to finance housing. Restaurant $1,543,214 - Total (planning), Krause Anderson (builders) and Hahen 3. 78 Unit Market Rate Christensen & Mcllwain (architects). Apartments * Cost to acquire property 2. Best & Hempel have some retail experience. is $1,827,800 3. Shelard has good experience in rental housing. 4. Mixed reviews on finished product design detail. ** Estimated gap $283,214 No direct experience with similar projects as a team. Likely to be able to finance project. B&H experience includes Metropolitan Airport Commission Food Concessions attd other retail attd commercial projects. Shelard related experience includes Brickstone Estates in Chaska and Lake Susan in Chanhassen.